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17 of 88 unique stocks in common · Jaccard: 19.3%
A weighted portfolio overlap of 36.28% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.28 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.01% in Franklin India Aggressive Hybrid Fund ^ and 5.52% in Tata ELSS Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Franklin | in Tata |
|---|---|---|
| HDFC BankBanks | 5.01% | 5.52% |
| ICICI BankBanks | 4.94% | 5.70% |
| Reliance IndustriesPetroleum Products | 3.81% | 3.95% |
| State Bank of IndiaBanks | 3.54% | 4.36% |
| Larsen & ToubroConstruction | 3.08% | 3.18% |
| Bharti AirtelTelecom - Services | 2.96% | 5.78% |
| NTPCPower | 2.20% | 2.96% |
| InfosysIT - Software | 2.21% | 2.10% |
| Ultratech CementCement & Cement Products | 1.71% | 1.78% |
| EternalRetailing | 1.86% | 1.13% |
| HCL TechnologiesIT - Software | 1.86% | 1.11% |
| Bharat ElectronicsAerospace & Defense | 1.08% | 1.21% |
| Hindalco IndustriesNon - Ferrous Metals | 0.89% | 1.85% |
| Amber Enterprises IndiaConsumer Durables | 0.83% | 1.06% |
| InterGlobe AviationTransport Services | 1.25% | 0.83% |
| PB FintechFinancial Technology (Fintech) | 0.66% | 2.51% |
| Tata SteelFerrous Metals | 1.45% | 0.43% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.